Skip To Content

    4540 Laurel Canyon Blvd

    Valley Village, CA 91607
    • $1,725,000
    • STATUS: Active Under Contract
    • ON SITE: 76 days
    • MLS #: 21-696532
    Under Contract
    $1,725,000
    • 5
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,318
      SQFT
    • $399
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:
    Area:

    School Ratings & Info

    Description

    We are proud to present 4540 Laurel Canyon Boulevard located in Valley Village, California, one of the best neighborhoods in the San Fernando Valley. The property is ideally located directly across the street from Campbell Hall school, one of the top private K-12 schools in Los Angeles county serving over 1,100 students, and the property is just south of the 101 freeway and within one block of the Studio City border. In fact, depending on the map you are looking at, this property could easily be described as being in Studio City, although it is technically in Valley Village. This 6 unit multifamily property, built in 1947, has a total building size of 4,318 SF and sits on a 7,126 SF lot. The building has an attractive unit mix of (1) Studio / 1-Bath unit, (3) 1-Bed / 1-Bath units, and (2) 2-Bed / 1-Bath units. This value add opportunity has over an estimated 31% upside potential in rents, and the property does not need any soft story retrofitting like many others do in the area, which helps the investor focus their capital improvement money on upgrading the units to raise rents and/or adding ADUs. This property is an ideal candidate to take advantage of the new ADU laws where an investor could quickly and cheaply add 1 or 2 detached ADUs at the back of the lot.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-09T23:42:19.54. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/114433830
    Print Image

    4540 Laurel Canyon Blvd Valley Village, CA 91607

    • Price: $1,725,000
    • Status: Active Under Contract
    • MLS #: 21-696532
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,318
    SQFT
    $399
    $/SQFT
    1947
    Built
    Neighborhood:
    Studio City
    County:
    Los Angeles
    Area:
    Studio City
    Property Description
    We are proud to present 4540 Laurel Canyon Boulevard located in Valley Village, California, one of the best neighborhoods in the San Fernando Valley. The property is ideally located directly across the street from Campbell Hall school, one of the top private K-12 schools in Los Angeles county serving over 1,100 students, and the property is just south of the 101 freeway and within one block of the Studio City border. In fact, depending on the map you are looking at, this property could easily be described as being in Studio City, although it is technically in Valley Village. This 6 unit multifamily property, built in 1947, has a total building size of 4,318 SF and sits on a 7,126 SF lot. The building has an attractive unit mix of (1) Studio / 1-Bath unit, (3) 1-Bed / 1-Bath units, and (2) 2-Bed / 1-Bath units. This value add opportunity has over an estimated 31% upside potential in rents, and the property does not need any soft story retrofitting like many others do in the area, which helps the investor focus their capital improvement money on upgrading the units to raise rents and/or adding ADUs. This property is an ideal candidate to take advantage of the new ADU laws where an investor could quickly and cheaply add 1 or 2 detached ADUs at the back of the lot.
    Exterior Features

    Covered Parking 6 Garage Structures Total 3 Levels Two Lot Location City Lot Size Area 7126 Other Structures Other Parking Garage CarportCarport AttachedCarport DetachedDetachedGarage - 2 CarGarage - 3 CarGarage - 4+ CarGarage Is DetachedPrivateGarageAssignedBuilt-In StorageCovered ParkingDirect EntranceDrivewayParking SpaceOtherParking For GuestsParking For Guests - Onsite Paved YN Yes Style A-Frame Total Parking 6 View Description Any View YN Yes Water Frontage None

    Interior Features

    Baths Total 6.00 Cooling Other Equipment Other Fireplace Rooms None Heating Other Windows AwningDouble Pane Windows

    Property Features

    ADACompliance No Alley YN Yes Assessed Total Value 402518 Gross Income 104157 Gross Operating Income 104157 Land Lease Type Other Like Units1 1 Like Units2 3 Like Units3 2 Monthly Gross Income 8743.00 Net Operating Income 64128.00 Number Of Buildings 1 Number Of Units 6 Property Condition No Additions/Alter Sale Type Standard Security Features None Sewer Other Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays Other Total Annual Expense 40029 Type Of Units Standard Water District Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-09T23:42:19.54. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-696532-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-696532-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-696532-2.jpg
    Logo
    The Jelmberg Team | Keller Williams
    39-575 Washington Street, Suite #105
    Palm Desert CA, 92211